Draft:Morpho
Decentralized finance lending protocol
From Wikipedia, the free encyclopedia
Morpho is a decentralized finance (DeFi) lending protocol on the Ethereum blockchain and other EVM-compatible chains. It is developed by the Morpho Association.[1] By early 2026, the protocol held over $10 billion in deposits.[2]
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Submission declined on 4 March 2026 by SocDoneLeft (talk).
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| Submission declined on 11 November 2025 by Moritoriko (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by Moritoriko 4 months ago.
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| Submission declined on 19 September 2025 by DoubleGrazing (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
This draft reads like an advertisement. Wikipedia is an encyclopedia, not a platform for promotion or marketing. Drafts that are exclusively promotional may be deleted without notice.
Declined by DoubleGrazing 5 months ago.Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Instead, only summarize in your own words a range of independent, reliable, published sources that discuss the subject. If you have a conflict of interest (e.g. you are the subject, an employee, or a relative) or are being paid to edit, you must disclose this to comply with Wikipedia's Terms of Use. | |
| Submission declined on 18 September 2025 by Perryprog (talk). A large number of the sources you currently have either led to dead links, or had titles that were from articles from different publishers. I've fixed a few, but several I was unable to. Non-existent citations are very often generated by LLMs, and (while I'm not accusing you) I'd greatly discourage their use in working on this draft for reasons such as exactly this. In any case, please fix the remaining citations that I've tagged as "dead link" in the references citation. Declined by Perryprog 5 months ago. | |
Comment: Nonexistent categories is a likely sign of AI authorship. Fix the categories and rewrite the article, removing any AI hallucinations or WP:LLMISMs. SocDoneLeft (talk) 19:43, 4 March 2026 (UTC)
- Comment: This draft was originally created by Nathanluckhurst (a disclosed paid editor), and was recently completely rewritten by Bobajeanjacques (another disclosed paid editor). Prior review comments may not be applicable now. ~Anachronist (who / me) (talk) 16:31, 3 March 2026 (UTC)
- Comment: Forbes 30 under 30 and Funding round announcements aren't usually enough to show notability. Many of the other sources are either Morpho's own website or written by morpho people so I think the sourcing is not strong enough for an article. Moritoriko (talk) 02:39, 11 November 2025 (UTC)
- Comment: This is just you telling the world about your client, and that is considered pure promotion here. We don't want a company presentation, we want to see what reliable and entirely independent secondary sources have said about this business, and what in their view makes it worthy of note. As it stands, this draft cites no such sources. DoubleGrazing (talk) 09:00, 19 September 2025 (UTC)
- Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. Nathanluckhurst (talk) 11:28, 18 September 2025 (UTC)
Morpho
 | |
|---|---|
| Developer | Morpho Association |
| Initial release | 2022 |
| Written in | Solidity |
| Type | Decentralized finance lending protocol |
| License | Open source |
| Website | morpho |
| Repository | github |
The protocol first launched in 2022 as Morpho Optimizers, built on top of Aave and Compound Finance. In 2024, Morpho released Variable-rate Markets, where users create isolated lending markets and third-party curators manage vaults. A fixed-rate addition was announced in 2025.[3]
Several cryptocurrency exchanges use Morpho for their lending products, including Coinbase, Kraken, and Gemini.[4][5]
In February 2026, Apollo Global Management agreed to buy up to 90 million MORPHO governance tokens over four years.[6]
History
Origins
Paul Frambot co-founded Morpho in 2021 with Merlin Egalité, Mathis Gontier Delaunay, and Julien Thomas. Frambot started the project while finishing a master's degree at the Institut Polytechnique de Paris. Nascent and Semantic Capital provided $2 million in seed funding.[7]
In July 2022, Andreessen Horowitz (a16z) and Variant led an $18 million round.[8][9]
In August 2024, Ribbit Capital led a $50 million round. Other participants included Coinbase Ventures, Pantera Capital, Brevan Howard, and Kraken Ventures.[10]
Technology
Morpho Optimizers
Morpho Optimizers launched in 2022 on top of Aave and Compound Finance. The system matched lenders with borrowers directly; when no match was found, funds fell back to the underlying pool.[11] The protocol reached $1 billion in deposits within 18 months.[11]
Variable-rate Markets
In 2024, Morpho launched Variable-rate Markets. Anyone can create isolated lending markets by specifying a collateral asset, a loan asset, an oracle, and risk parameters. Third-party curators can deploy Morpho Vaults on top of these markets. Curators select which markets to allocate into and set exposure limits.[12]
By 2025, more than 30 curators were operating on Morpho.[13] Compound Finance adopted Morpho's infrastructure for its deployment on Polygon.[14]
In January 2025, Coinbase launched bitcoin-backed loans on Morpho on Base.[4] Coinbase later added USDC lending through a Morpho Vault curated by Steakhouse Financial.[15]
Gemini integrated Morpho into its self-custodial wallet,[16] Kraken used it in its DeFi Earn product,[5] OKX used it for OKX Earn USDT,[17] and Bitget launched yield products on Arbitrum through Morpho.[18]
Société Générale's digital-asset arm SG-Forge used Morpho for EUR CoinVertible stablecoin lending.[19]
Fixed-rate Markets
In June 2025, Morpho announced Fixed-rate Markets, which let borrowers lock in a rate and term upfront.[3]
Institutional use
In January 2026, Bitwise Asset Management began curating vaults on Morpho.[20]
The Swiss custodian Taurus added Morpho Vaults to its custody platform Taurus-PROTECT.[21][22]
In February 2026, Anchorage Digital added Morpho Vaults to its custody platform.[6] That same month, Apollo Global Management agreed to buy up to 90 million MORPHO governance tokens over four years.[6]
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